I continue to believe that the closing of the offering will merely be to put the shares in the hands of those who shorted the stock at a much higher price a couple of weeks ago.  That's one way of doing the business of raising money, and it was handled a heck of a lot better than that awful thing in the Fall of 2016. 

As the price did after that debacle, the price here will likely decline to around the effective cost of a share of the stock in the offering.  I estimated that at .44 on the day the offering became public, and based it on a semi-educated guess of the value of the attached 1/2 share warrant (I guessed .11 for the 1/2 share warrant). 

As Shash wrote earlier today:

"You ask some time ago what I thought the future would hold and I stated then that a future financing and more dilution were on the way. All of this run up, the timing of the MOU, the insider buying, etc to bump up the SP,  was the prelude to that financing."

The above characteristics which Shash highlights are all part of the financing recipe.  You take some of this a dash of that, etc., and you raise some money.